Your unit will be finished and ready for handover within 5 month of signing the Agreement for sale
- Ability to customize your unit at no extra costs along with complementary design services provided by the Developer, including 3D renderings to assist with that customization
- Lower Pre-construction prices
- Choice of preferred Unit
The risks are nominal since half of the development is already 90% built out, any funds put in will be comfortably secured by the existing property.
- Furniture & Furnishings (standardized throughout the property) are the only addition to listed prices.
- Comprehensive ‘room-set’ packs will be as follows:
- One Bed – US$18,000
- Two Bed – US$23,000
- Three Bed – US$27,000
The entire project [planning] process has been designed to deliver high quality apartment/condo-hotel product in a premium location at exceptional prices.
The development team has sought to:
- avoid any costly gimmicks &/or endorsements sometimes associated with leisure-investment & holiday property sales;
- keep project processes simple and transparent, with management costs staying lean;
- ensure that the focus stays on delivering an exceptional 4* hotel at unbeatable prices.
- One Bed – US$4,000
- Two Bed – US$5,200
- Three Bed – US$5,400
5% of gross unit rental income is allocated for FF&E maintenance and improvements to a reserve fund.
The balance is split 20:80 between hotel management and the owners’ rental pool, from which unit expenses can be paid – ie: PUP fees for individual unit owners.
Individual share of pooled income is apportioned according to original property list price.
Weeks taken for personal use will be deducted by calculating the percentage of the period that revenue is accrued.
For the owner (A) who leaves their unit in the pool for 52 weeks, the profit share is full.
For the owner (B) who uses twelve weeks, they will receive approximately 75% of what owner (A) received.
Revenue share will also be determined by what time of the year personal use is taken, calculations are done on a monthly basis – ie: peak time personal use is likely to reduce overall financial return.